Projection
retracement on 50% fib in extension after the consensus conference up to new levels in the area 11500-11750 $ where there is a very strong resistance with probable strong selling. The projection has been elaborated on the basis of the daily moving averages, taking into account the slope of the price increase and the fibonacci levels.
the rising price pick-up angle has been decreasing since January, an increase in the trend of the upward trend could bring forward the projection a few days while maintaining the levels of 11750-10000 and 7780 (61% fib ABC current) as very high levels important. The entrance remains at this level with the possibility of splitting it with an entry to the underlying level in the event of a downward break of $ 8200 opening $ 7780 area.
risk / return 6
the rising price pick-up angle has been decreasing since January, an increase in the trend of the upward trend could bring forward the projection a few days while maintaining the levels of 11750-10000 and 7780 (61% fib ABC current) as very high levels important. The entrance remains at this level with the possibility of splitting it with an entry to the underlying level in the event of a downward break of $ 8200 opening $ 7780 area.
risk / return 6
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